Positions | Today | Yesterday | % Change | |
Longs | 31% | 28% | 9.68% | |
Shorts | 69% | 72% | -4.35% | |
Indicator | 4H | 1D | 1W | |
MACD (12; 26; 9) | Sell | Sell | Sell | |
RSI (14) | Buy | Neutral | Neutral | |
Stochastic (5; 3; 3) | Neutral | Neutral | Neutral | |
Alligator (13; 8; 5) | Sell | Sell | Sell | |
SAR (0.02; 0.2) | Sell | Buy | Sell | |
Aggregate | ⇘ | ⇒ | ⇘ |
The Eurozone single currency spent the first part of Monday's session trading calmly. However, after the exchange rate breached the 55-hour simple moving average, a strong downside momentum dominated the second half of the day thus sending the Euro crashing against the Yen.
Given that a breakout had occurred through the lower boundary of a dominant ascending channel, the common European currency could be set for a long-term decline.
Everything being equal, the EUR/JPY currency exchange rate is likely to continue diminishing within the next trading session. In the meantime, technical indicators are in favour of bearish sentiment this week.